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Staff ~ The Truro Daily News
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Former financial advisor pleads guilty to fraud
TRURO - A former financial advisor who defrauded local investors of more than $331,000 sat stoically and grim-faced as his lawyer entered guilty pleas in provincial court on Wednesday.
Timothy Wade Macdonald, 39, who is now living in East Pennant, N.S., is to be sentenced March 22 after pleading guilty to eight counts of fraud, involving 11 individuals. Macdonald was initially charged with 20 counts of fraud and theft. He was not scheduled to enter pleas on the charges until March 22 but made a surprise appearance in provincial court on Wednesday.
Macdonald was employed with the Moneysource Financial Management office on Commercial Street when police were called in to investigate him last summer.
He was terminated from the company on Aug. 4, the same day the office closed.

Truro man handed 18 month conditional sentence for assault
TRURO - A Truro man who pleaded guilty to assaulting a woman by burning her with a cigarette has been sentenced to an 18 month conditional sentence.
Stephen Morris Saltzman, 43, of 25 Windsor Way, Apt. 101, is to spend the first six months under full house arrest. For the following three months he will be subject to a curfew from 7 p.m. until 6 a.m. As of Feb. 12, Saltzman is to reside at 22 Park St.
He also received a suspended sentence and was placed on probation for 24 months after pleading guilty to being at large on a court recognizance. A charge of sexual assault was withdrawn.
Conditions of his sentence also include that he refrain from consuming or possessing alcohol or illicit drugs, stay away from establishments where alcohol is sold, successfully take counselling for alcohol and drug use and anger management and attend AA at least three times per week.
He must also stay away from the King Lam Restaurant and have no contact with his victim.
Saltzman is further banned from possessing firearms and weapons for five years and must submit a DNA sample

Geographic location: TRURO, East Pennant, Commercial Street 22 Park St.

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